Greenwave Technology Solutions, Inc. (GWAV), an operator of metal recycling facilities, Wednesday said it expects revenue to grow and margin to expand in fiscal 2025 driven by tariffs on U.S. steel imports.
"During President-elect Trump's first term, U.S. scrap metal recyclers benefited significantly from the administration's trade policies - tariffs materially increased the cost of imported steel, leading to significant increases in the prices of domestic recycled metals," the company said in a statement.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.